by Grove Pension Solutions | Jul 6, 2020 | Pension News, Pension Transfer, Pension Transfer Bureau
Over the past few months there has been a lot of noise in the press about defined benefit pension transfer advice. The FCA are concerned that consumers are receiving bad advice from advisers when it comes to making decisions on transfers out of their defined benefit...
by Grove Pension Solutions | Jul 3, 2020 | Pension News, Pension Transfer, Pension Transfer Bureau
The FCA has announced a ban of Contingency Charging for Defined Benefit Pension Transfer, which will come into force on 1st October 2020. This long awaited announcement follows on from the FCA’s CP19/25 consultation launched in July 2019. It comes as no surprise for...
by Grove Pension Solutions | Apr 24, 2020 | Pension Transfer, Pension News
The Personal Finance Society say Financial Advisers are leaving the Defined Benefit Pension Transfer market in their droves due to the lack of affordable professional indemnity cover. The Underwriters for DB Pension Transfer PI cover have been spooked by the risk of...
by Grove Pension Solutions | Mar 27, 2020 | Coronavirus, Pension News, Pension Transfer
The impact of the Coronavirus on the pension industry has been widespread, ruthless and relentless; from the law makers, regulators, trustees, employers, pension funds to scheme members. As the country goes into self isolation and chaos ensues we try to make sense of...
by Grove Pension Solutions | Mar 10, 2020 | Pension News, Coronavirus, Pension Transfer
If you are 55 or over and have been affected by the coronavirus, lost your job and can’t pay your bills checkout our coronavirus pension guide on how to access and release cash from your pension early. The coronavirus is causing mayhem with the world’s stock...
by Grove Pension Solutions | Mar 10, 2020 | Pension News, Pension Scams, Pension Transfer
Flybe went into administration on 5 March 2020, putting over 2,200 employees out of work. 1,350 are now at risk of losing their defined benefit pensions. Flybe closed their defined benefit pension scheme in 2017/18 and replaced it with a defined contribution pension...
